Plamen Art Foundation

The Plamen Art Foundation is a nonprofit organization based in the United States, specifically categorized under the arts, culture, and humanities sector, focusing on visual arts. It is classified as a private foundation and operates under the Employer Identification Number (EIN) 263287848.

Purpose and Activities

The foundation serves as a platform for art, cultural development, and neighborhood transformation. It supports artists and strengthens communities through various projects aimed at fostering artistic expression and community engagement.

Financial Overview

As of recent financial data, the Plamen Art Foundation reported minimal financial activity. For the fiscal year ending in 2019, the organization had a total revenue of $1 and no notable expenses. Its financial reports also showed significant liabilities compared to its assets, with total liabilities amounting to $74,000 against total assets of $1[1][2].

Leadership

The leadership of the Plamen Art Foundation includes key figures such as Plamen Iordanov as the Executive Officer, and Iuliana Foghis and Damian Iordanov serving as directors. Neither of these positions reported any compensation in recent years[1][2].

Tax Status

Despite not being listed on the IRS's most recent list of tax-exempt organizations, donations to the Plamen Art Foundation are noted as tax-deductible. However, this status may be subject to change or review based on current IRS listings[1].